Stock markets ended the week with volatility, retreating from historical highs toward the 1,860-1,880 support zone. Red was dominant across most sessions amid strong dispersion. Large-cap groups with influence on the index, such as Vingroup, Gelex, and banks, also recorded mainly down movements. Liquidity fell in the last two sessions, reflecting cautious market sentiment. At week’s end, the VN Index declined by 44.47 points, or 2.31%, to close at 1,877.13.
FPT executives buy ESOP shares at a discount
According to a Board resolution of FPT Corporation (HoSE: FPT), the company approved issuing more than 2.3 million ESOP shares to senior management in 2026 at a sale price of 10,000 VND per share, about 90% below market price. Two leaders at FPT IS were allocated 67.7% of the ESOP, with Mr. Tran Dang Hoa – Chairman of FPT IS – entitled to buy 792,000 shares, and Mr. Nguyen Hoang Minh – CEO of FPT IS – entitled to buy 764,000 shares, roughly valued around VND 60 billion per person. CEO Nguyen Van Khoa could buy 100,000 shares. Deputy CEOs Nguyen The Phuong and Pham Minh Tuan were allocated 71,000 and 206,000 shares, respectively. Additionally, the Board approved issuing more than 8.5 million ESOP shares under the 2023-2025 employee program. The total par value issued exceeds VND 85 billion. Thus, FPT will issue more than 10.8 million ESOP shares to employees and senior managers, with total par value over VND 108 billion.
PC1 stock rebounds
After a string of steep declines, PC1 shares attracted strong bottom-fishing from investors this week. PC1 rose in 4 of the last 5 sessions (including 2 limit-up days). Despite market volatility, after hitting a three-year low around VND 17,650 on May 18, PC1 rebounded. In the last four sessions, the price rose about 17%, or VND 2,950 per share. By May 22, PC1 traded at VND 20,600, up 1.48% from the prior session, with over 12.9 million shares traded on matched orders.
Foreign investors net-sold nearly VND 6.4 trillion
Last week, foreigners net-sold VND 6.377 trillion across the market. On HoSE, net-sell was about VND 6.281 trillion; on HNX, VND 130 billion; on UPCoM, net bought VND 34 billion. On the sell side, selling pressure was strongest in banks and blue chips, with ACB net-sold about VND 603 billion, followed by MBB (VND 602 billion) and HPG (VND 507 billion). Other notable sellers included FPT (VND 294 billion), VIC (VND 262 billion), MWG (VND 231 billion), VHM (VND 193 billion), STB (VND 184 billion); CTG and TCB were each around VND 169 billion.
On the buy side, VCB led purchases with about VND 1,325 billion, far ahead of others. Followed by BSR (VND 153 billion) and BID (VND 128 billion). MSB (VND 122 billion), LPB (VND 91 billion), GEX (VND 61 billion), SHB (VND 52 billion), DGW (VND 50 billion), VPL (VND 42 billion) and GEE (VND 37 billion) were also net buyers.
DGC announces important information about its stock
DGC (Duc Giang Chemical Group) disclosed measures and a roadmap to address trading restrictions due to the late audit of 2025 financial statements. Previously, HOSE placed DGC under restricted trading; the stock currently trades only in odd-lot matching.
VND stock surges on final-week session
VNDirect’s VND stock rose to the ceiling, with liquidity spike and a lack of sellers on a day when the
VN-Index fell about 20 points. Close: VND at VND 17,450, up 6.73%, with about 45.5 million shares traded; the stock’s buy orders at the limit exceeded 4.8 million shares.
VNDirect’s market cap jumped to over VND 26.56 trillion. The stock’s move coincided with improved Q1 2026 results: operating revenue about VND 1,807 billion, up 44% y/y; net profit about VND 545 billion, up 43%. For 2026, the company targets pretax profit of VND 3,018 billion (up 20%) and net profit of VND 2,414 billion (up 19%). It also plans a 5% cash dividend on June 1.
Source: Nguyen Trang; Market Newsroom
